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Merging Airbnb and the traditional hotel model, Mexico City’s Casai raises $23 million to grow in Latin America

Merging Airbnb and the traditional hotel model, Mexico City’s Casai raises million to grow in Latin America With travel and tourism rising across Latin America, Casai, a startup combining Airbnb single unit rentals with hotel room amenities, has raised $23 million to expand its business across Latin America. The company, which initially was as hit […]

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Berbix raises $9M for its identity verification platform

Berbix raises M for its identity verification platform Berbix, an ID verification startup that was founded by former members of the Airbnb Trust and Safety team, today announced that it has raised a $9 million Series A round led by Mayfield. Existing investors, including Initialized Capital, Y Combinator and Fika Ventures, also participated in this […]

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Airbnb ups its debt by $1BN amid the coronavirus travel crunch

Airbnb ups its debt by BN amid the coronavirus travel crunch Airbnb has secured commitments of $1 billion for a syndicated term loan from institutional investors, it said. The emergency cash injection comes as the coronavirus travel freeze continues to hammer vacation rentals, with holidaymakers locked down at home and global travel banned or heavily […]

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Airbnb to provide free or subsidized housing for 100,000 COVID-19 healthcare workers

Airbnb to provide free or subsidized housing for 100,000 COVID-19 healthcare workers The hospitality and travel industry may be reeling, but Airbnb is still doing what it can to support the global effort to fight the spread of the coronavirus causing a worldwide pandemic. The company announced today that it will provide “free or subsidized […]

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Airbnb extends no-charge cancellation policy due to coronavirus

Airbnb extends no-charge cancellation policy due to coronavirus Because of the current state of the global coronavirus pandemic, Airbnb has announced updates to its policies that provide reservation cancellations without charge for stays booked in specific areas. Guests who booked reservations through Airbnb in Mainland China, South Korea, Italy and the United States are now […]

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Airbnb and three other p2p rental platforms agree to share limited pan-EU data

Airbnb and three other p2p rental platforms agree to share limited pan-EU data The European Commission announced yesterday it’s reached a data-sharing agreement with vacation rental platforms Airbnb, Booking.com, Expedia Group and Tripadvisor — trumpeting the arrangement as a “landmark agreement” which will allow the EU’s statistical office to publish data on short-stay accommodations offered […]

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Airbnb is a platform not an estate agent, says Europe’s top court

Airbnb is a platform not an estate agent, says Europe’s top court Airbnb will be breathing a sigh of relief today: Europe’s top court has judged it to be an online platform which merely connects people looking for short term accommodation, rather than a full-blown estate agent. The ruling may make it harder for the […]

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Airbnb to verify all of its listings

Airbnb to verify all of its listings Following the death of five people at a Halloween party hosted at a California Airbnb rental, and a scathing Vice report outlining Airbnb’s failure to prevent nation-wide scams, the company says it will begin verifying all seven million of its listings. Airbnb properties will soon be verified for […]

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Airbnb’s WeWork problem

Airbnb’s WeWork problem Airbnb may be another overvalued “unicorn,” but it’s no WeWork. The Information this morning reported new Airbnb financials — indicating a massive increase in operating losses — that immediately call Airbnb’s future into question. Precisely, Airbnb lost $306 million on operations on $839 million in revenue, namely as a result of marketing […]

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Tastemakers raises $1.4M to sell Africa experiences to the world

Tastemakers raises .4M to sell Africa experiences to the world New York based startup Tastemakers has raised a $1.4 million seed-round—led Precursor Ventures—for its business that connects Africa adventures to global consumers. Tastemakers’ platform curates, prices, and lists African travel and cultural experiences—from paragliding tours to wine-tasting to concerts. The startup generates revenues by taking […]

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